Thursday, May 31, 2018
Notional monetary benefit to the Postmen/Mail Guards w.e.f. 01-01-1996 to 10-10-1997 in the revised pay scale of Rs. 3050-4590/- consequent upon implementation of orders of Hon'ble Supreme Court dated 07.05.2015 in Civil Appeal No. 2010/2009 filed by All India Postal Employees Union
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Tuesday, May 29, 2018
CHQ News:- GS visited Dte....
GS along with P. Ajith Kumar (Vice President), Sri Permanand ( OGS) and others met with the officers of the Dte. in the chamber of Ms. Achla Bhtanagar, Member (P). In the said meeting Ms. Manju Kumar, DDG(P) and Ms Smriti Sharan, DDG(Estt) were also present. All the matters were discussed in detail.
1 Holding of DPC and LDCE for promotion to the cadre PS Gr. B for the year 2017-2018 & 2018-2019 : Dte. is working on it and as assured by DDG(P) list of zone of consideration will be issued within 15 days.
2. Cadre restructuring of Inspector Posts cadre : Dte is working on it and outcome will come within two to three month.
3. Issue of Final combined seniority list of Inspector Posts cadre for the year 2001 and 2002. Also from the year 2003 onwards : Final combined seniority list of Inspector Post cadre for the year 2001 and 2002 will be issued within a month. Further Dte. is also working on issue of Combined gradation list from 2003 onward. DDG(P) assured that the gradation list from 2003 onward will be issued in next two months after issue of Combined gradation list of 2001 and 2002.
4. Non Implementation of orders of Directorate issued under No. 2-12/2013-PCC dated 24.10.2017 by which the Grade pay of Inspector Of Posts has been upgraded to Rs. 4600/- (PB-2) w.e.f 01.01.2006. : In respect of Up gradation of pay file is pending with MOF from 20.04.2018.
5. Issue of clarification to Circles on drawal of one increment one promotion to ASP cadre during the period from 01.01.2006 to 31.12.2015, as ASP Posts carries higher responsibility than Inspector Posts : Clarification has been sought from MOF after receipt of the clarification instructions will be issued.
6. Inter Circle Rule 38 transfer cases of Inspector Posts cadre. Few circles are not relieving the IPs despite issue of orders of concerned circles : Needful action will be taken as assured by DDG(P).
7. Holding of periodical meeting with Hon'ble Secretary (Posts) :Needful action will be taken.
8. Clerical assistance to Sub Divisional Head :Needful action will be taken.
9. Allotment of passed candidates of LDCE of PS Gr. B cadre held in 2012 & 18.12.2016 : They assured to issue the allotment order for the Candidates selected through LDCE 2012 supplementary result within a fortnight. As regards to the the candidates selected through LDCE conducted on 18.12.2016, the allotment process is in progress and will be finalized after the allotment of LDCE 2012 supplementary results.
Apart from the above following issues were also discussed :
a) Issue of Inspection Questionnaire : Revised Inspection Questionnaire for HO is ready and will be issued very shortly.
b) Role Of ASP/IP in IPPB : DDG(P) assured that the matter will be discussed with the IPPB to have the clarity and justification regarding involvement of ASP/IP in IPPB work. Association requested for minimum involvement of ASP/IP in IPPB related activities as they have their own establishment.
c) Clarification on MACP : DDG(Esst) assured to look into the matter and will issue clarification shortly.
d) Training of ASP/IP on all new projects : DDG(P) assured that she will take up the matter with Training Division.
CHQ News:-Informal meeting with DG (Posts) with the representatives of IP/ASP Association
No. CHQ/AIAIPASP/Pending/2018 28-05-2018
To,
Ms. Meera Handa
Director General,
Department of Posts,
New Delhi 110 001.
Subject : Informal meeting with DG (Posts) with the representatives of IP/ASP Association.
Respected Madam,
We would like to bring to your kind attention to my letter of even number dated 16-03-2018 addressed to your honour whereby it was requested to intervene in the pending issues concerned to the members of Association, but till date following issues are not resolved. This association will feel obliged your intervention on how best to get these long pending issues and other issues settled immediately.
S. No.
|
Pending issues
|
1
|
Cadre restructuring of Inspector Posts cadre
|
2
|
Issue of final combined seniority list of Inspector Posts cadre for the year 2001 and 2002. Also from the year 2003 onwards.
|
3
|
Holding of DPC and LDCE for promotion to the cadre of PS Gr. B for the year 2017-18 and 2018-19
|
4
|
Non implementation of orders of Directorate issued under No. 2-12/2013-PCC dated 24.10.2017 by which the Grade Pay of Inspector of Posts has been upgraded to Rs. 4600/- (PB-2) w.e.f. 01.01.2006
|
Issue of clarification to Circles on drawal of one increment one promotion to ASP Cadre during the period from 01.01.2006 to 31.12.2015, as ASP Posts carries higher responsibility than Inspector Posts
| |
5
|
Inter Circle Rule 38 transfer cases of Inspector Posts cadre. Few circles are not relieving the IPs despite issue of orders by the concerned Circles.
|
6
|
Holding of periodical meeting with Hon’ble Secretary (Posts).
|
7
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Clerical assistance to Sub Divisional Head
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8
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Allotment of passed candidates of LDCE of PS Gr. B cadre held in 2012 & 2016
|
Madam, the above pending issues can only be settled in much better way on your kind and dynamic approach for resolving the issues concerning IP/ASPs.
With profound regards,
Yours sincerely,
(Rajiv Kumar)
General Secretary
Friday, May 25, 2018
How to open post office time deposit scheme
By Sunil Dhawan
The post office time deposit (POTD) is an alternative to the bank fixed deposits (FD) for those looking for fixed income. It is safer than than an FD because the principal invested and interest earned are backed by sovereign guarantee. Whereas for bank FDs, under the deposit insurance and credit guarantee corporation (DICGC) rules, each depositor in a bank is insured up to a maximum of Rs 1 lakh for both principal and interest amount.
So, if you are planning on investing in a post office time deposit, here is everything you need to know.
Where to open
To invest in a POTD, you don't have to necessarily open it at a post office closest to where you live. Of late, the central government has authorised all public sector banks and private ones like ICICI Bank, Axis Bank, and HDFC Bank to allow investors to open POTD accounts.
Tenures and investment amount
In a POTD, there are four tenure options- 1, 2, 3 and 5-year deposits. Only one deposit can be made in one account, however, any number of accounts can be opened in any post office. The minimum deposit has to be Rs 200 and thereafter in multiples of Rs 200. More importantly, where the amount is not in multiples of Rs. 200, the amount in multiples of Rs. 200 may be retained in the account and the balance refunded to the depositors without interest
Interest payments
The interest rate of POTD is set by the government at the start of each quarter in a financial year. Currently, (April-June 2018) the interest rate is 6.6 percent, 6.7 percent, 6.9 percent, and 7.4 percent for 1-, 2-, 3-, and 5-year tenures, respectively. Once invested, the interest remains constant for the entire duration of the deposit.
Interest is payable annually but it is calculated quarterly. If it is a 1-year account, the amount of interest will be repaid along with the principal. In the case 2-,3-,5-year accounts, the amount will be paid either in cash or by cheque. If the maturity amount, including interest, earned is more than Rs 20,000, the payment cannot be made by cash; it can only be made by cheque.
Spread over G-sec yield
The interest rate on small savings investments including POTD is set by government at the beginning of every quarter of the financial year. The rate is decided based on the yield on government securities and usually have a spread or a mark-up over the g-sec yield. However, 1-, 2- and 3-year POTDs deposits will not have a spread over the G-Sec yield, while the 5-year deposit will have a spread of 25 bps over the G-Sec yield of comparable securities.
Interest redirected to savings account
If you do not wish to withdraw the annual interest, you can instruct the post office to re-direct it into the post office savings account, which earns 4 percent per annum. This can be done in case of POTD with tenure of 2/3/5-years.
Interest redirected to recurring deposits
If you do not want to withdraw the annual interest, you may give instructions to the post office to re-direct the annual interest into a post office 5-year recurring deposit account in the same office in lieu of payment of 12 monthly installments. Every year, the depositor will have to give a fresh application for this purpose before the due date on which the interest falls due for payment.
However, before you consider transferring the annual interest of POTD into post office savings account or the RD account, have a look at the two conditions - One, the savings account has to be in the same post office and secondly, this facility will not be available at sub offices and branch offices but only at Head or Departmental Sub Offices.
Taxation
There is no incidence of tax deducted at source (TDS) in post office small savings schemes. But that does not mean that the interest is tax-free. The interest income earned is to be added to one's total income in the year of receipt and is liable to be taxed as per the tax rate of the investor. The post-tax return may, therefore, be low especially for those in the highest tax bracket. It's only the 5-year deposit that carries the tax benefit under section 80C of the ..
On maturity
In post offices equipped with core banking solution (CBS), upon the maturity, the same POTD gets automatically renewed for the period for which the deposit was initially opened. The interest rate applicable on the day of maturity will be applied on renewal of the deposit. For example, a 2-year POTD account will be automatically renewed for 2 years. In a non-CBS branch, the investor has to renew it by filling up the form again, if he wishes so.
Premature exit
Being long-term deposits, one needs to be aware of the premature exit rules as POTD cannot be closed in the initial 6 months. If the account is closed after 6 months but before 1 year interest payable on a post office savings bank account will be paid. Thereafter, one can prematurely exit with a discount of 1 percent on the interest rate payable.
Should you invest?
At times, POTD may offer a rate higher than the bank FD for certain tenures. Most investors generally find it easier to transact and invest in banks compared to physically going to post offices for such investments, and they can even be opened online. POTD may suit those investors who are ultra conservative in terms of risk and want assured returns with highest safety of principal.
Source:-The Economic Times
UPU launches ranking of 173 postal operators; Switzerland secures top spot
For the second year running, Switzerland has placed first in the comparative Integrated Index for Postal Development (or 2IPD), achieving the top score for its balanced performance, including top volume per capita and a well-diversified portfolio.
Netherlands ranked second thanks to its delivery speed and interconnectedness with international partners. The demand for Japan’s postal services, as well as their quality is credited for its third-place ranking.
Despite a gap between industrialized and developing countries, standout performers in each developing region showed that this gap is not insurmountable. Poland, Singapore, Tunisia, Brazil and Nigeria all led the way in their respective regions.
The report demonstrates Posts’ ability to spread innovation, and spotlights a positive relationship between postal development and robust global value chains.
The Deputy Director of UPU Pascal Clivaz said, “The report sends a vital message that the world’s posts are a trusted and reliable partner for the private sector and can connect businesses with customers, while encouraging innovation and creativity.”
Posts are a trusted partner for e-commerce. With about 47 percent of the world’s population currently having internet access, this role is likely to be even more prominent in future years. According to the report, countries with high internet usage have shown higher postal development, demonstrating the need for strong postal infrastructure to sustain internet growth as more people shop online.
Postal networks, according to the report, could help a country respond to natural disasters. Research found that postal infrastructure is relatively more resilient than other national physical infrastructure, as its operations rely primarily on people.
Qualitative data shows that Posts have helped a number of countries recover after a significant environmental event by providing a critical communication channel between governments and citizens. Examples include an 8.8 magnitude earthquake in Chile in 2010, and Typhoon Haiyan in the Philippines in 2013.
The report later explores the relationship between a country’s postal development and its progress on UN 2030 Agenda for Sustainable Development indicators.
“As part of the United Nations family, UPU has a role to play in ensuring its member countries can progress on sustainable development. The Postal Development Report not only helps countries measure the progress of Posts, but also shows clear links between a robust postal network and achievement of the sustainable development goals,” said UPU Director General Bishar A. Hussein.
The Postal Development Report compares the ranking to progress on the indicators of four key sustainable development goals: Goal 8 on decent work and economic growth, Goal 9 on industry, innovation and infrastructure, Goal 11 on sustainable cities and communities and Goal 17 on partnerships for the goals.
With some 31 percent of the world’s population—or about two billion people—currently excluded from financial services globally, the report finds that Posts could contribute to the achievement of financial inclusion by leveraging their vast networks. A link between a country’s score in the ranking and the percentage of adults with bank accounts is evidence that Posts could have an invaluable role in offering financial services, positively impacting national economies and helping countries maximize growth potential for financial inclusion.
Released as part of the Postal Development Report 2018, the Index measures four areas of development – reliability, reach, relevance and resilience – using the UPU’s unparalleled collection of postal big data and statistics to create a ranking of 173 countries.
Check out the summary factsheet here.
UPU News:-UPU research shows how postal sector contributes to SDG 8 on decent work and economic growth
Findings of new UPU report on postal development provides an evidential underpinning for action of postal operators to help lift people out of poverty in countries such as India and Bangladesh
Now in its second year, the Postal Development Report 2018 of the Universal Postal Union (UPU) clearly demonstrates how the postal sector contributes to Goal 8 of the 2030 Agenda for Sustainable Development by promoting financial inclusion.
According to the report, which includes the Integrated Index for Postal Development operators (or 2IPD), there are two areas where the contributions to the 2030 Agenda and Goal 8 on decent work and economic growth are keenly visible.
The first is the global number of people employed by postal operators. Estimated at 5.32 million people in 2016—comparable to the population of Norway—the figure indicates how operators support inclusion and well-being in societies.
Second, the extensive reach of postal operators. Each post office serves an average of 10,000 people or more and provides people and businesses globally with unrivalled access to a broad financial, logistical and communications network.
UPU’s research also outlines how countries with a greater level of postal development have on average a larger percentage of adults who possess a bank account—a sign of financial inclusion. The findings support a previous UPU study in 2016 titled, Global Panorama on Postal Financial Inclusion that highlighted the vital role of operators in this area.
The study offers firm support for the actions taken by postal operators in isolated or rural areas. In Bangladesh, the post office issued more than 11 million mobile money orders, and a postal cash card service that attracted around 52,000 customers. India Post has also established a payments bank in 2016 driven by the goal to create 650 unique branches designed to improve financial inclusion in over 155,000 villages.
Commenting on the links between postal operators and SDG 8, the Deputy Director General of the UPU Pascal Clivaz said, “In countries all over the world, postal operators are responding to the needs of the poorest sectors of society and offering them financial services. By doing so, they are upholding the finest traditions of the universal service mandate and helping countries achieve the 2030 Agenda for Sustainable development.”
UPU News:- After the storm: How postal operators assist in a country’s rapid recovery from natural disasters
UPU’s Postal Development Report 2018 shows that postal operators display greater resiliency than the wider infrastructure during natural disasters, while contributing to Goal 11 of the 2030 Agenda for Sustainable Development.
On 27 February 2010 an 8.8 magnitude earthquake struck off the coast of Chile devastating the country and killing over 500 people. The earthquake, one of the largest in modern times, caused billions of dollars in damages and severe disruption to business operations.
Despite this, and the havoc of the tsunami that followed, the Chilean postal operator, CorreosChile was fully-operational within one week of the disaster. CorreosChile also played a pivotal role in the recovery and was able to raise awareness among the public with a campaign called, “I am prepared; Chile is prepared.”
The Chilean disaster is not the only example of the durability of postal operators. During a 2013 Typhoon in the Philippines, in Japan during the appalling 2011 earthquake and tsunami as well as elsewhere, postal operators have consistently proved their ability to adapt to fast moving situations and deadly natural disasters.
Goal 11 of the 2030 Agenda seeks to increase the safety of infrastructure and make cities more sustainable. It is closely tied to postal development. Based on the Integrated Index for Postal Development (or 2IPD) the physical infrastructure of postal operators is likely to suffer losses both during and after a disaster event, but it is also relatively more resilient.
One of the main reasons for the enduring nature of postal operators during a crisis is the labour intensive nature of its services. Reacting to a natural disaster calls for an intimate knowledge of the areas worst hit, and very few people have a better knowledge of the community and the people they serve than postal employees.
“UPU’s Postal Development Report 2018 offers evidence that, after a disaster, postal networks can reboot quicker than most infrastructure and are well positioned to continue to deliver their critical services and provide badly needed humanitarian aid,” said the Director General of the UPU Bishar A. Hussein.
LTC facilities to the Civilian employees of the Central Government serving in States of the North-Eastern Region, Ladakh region of State of Jammu & Kashmir and in Union Territories of Andaman & Nicobar Island and Lakshadweep Group of Islands-Implementation of recommendation of 7th CPC
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Friday, May 18, 2018
Thursday, May 17, 2018
Tuesday, May 15, 2018
Aadhaar not mandatory for getting pension: Government
Aadhaar card is not mandatory for central government employees to get their pension, Minister of State for Personnel Jitendra Singh has said.
In 30th meeting of the Standing Committee of Voluntary Agencies here recently, he said Aadhaar is an additional facility to enable the use of technology for submission of life certificate without the need for visiting banks.
His assertion assumes significance as there were reports of some retired employees facing difficulty in getting the pension in the absence of Aadhaar linkage with their bank accounts.
The minister clarified that Aadhaar has not been made mandatory for getting pension for government employees, according to the minutes of the meeting.
Aadhaar is a 12-digit number, issued by the Unique Identification Authority of India (UIDAI), that acts as identification and address proof.
There are about 48.41 lakh central government employees and 61.17 lakh pensioners.
Singh cited various initiatives started by the central government for the welfare of its employees and pensioners.
"For instance, minimum pension has been increased to Rs 9,000, ceiling of gratuity has been increased to Rs 20 lakh, fixed medical allowance has been increased to Rs 1,000 per month," the minister said.
"Constant attendance allowance has been increased from Rs 4,500 to Rs 6,750 with effect from July 1, 2017. Some benefits relating to income-tax e.g. standard deduction, tax-rebate etc.on interest made available in the Finance Bill, 2018," he said.
Source:-The Economic Times
Saturday, May 12, 2018
Thursday, May 10, 2018
Wednesday, May 9, 2018
UPU News:- Postal CEOs assemble in Istanbul to discuss the way forward
Postal chief executives will gather at the UPU World CEO Forum May 9 and 10 to discuss how to take advantage of increasing digitization.
This year’s forum, hosted by the Turkish Post in Istanbul, has the theme: “Postal digital dividends: A new portfolio, better performance or a redefined mission?”
"This vibrant city is a bridge between Europe and Asia. In many ways, the Forum, by bringing together so many CEOs, is itself a dynamic bridge for transferring knowledge, ideas and information,” said UPU Director General Bishar A. Hussein.
“UPU, from the start, has had a single, driving ambition for the Forum: to help CEOs build a powerful vision of the postal future, and support them in their drive to do so,” he added.
The first panel discussions will have participants pick up the conversation from where they left off in 2017, taking into account the current global economic environment. They will then go on to examine changing customer expectations and their role as universal service providers.
Postal leaders will close the discussions by drawing some conclusions to send to the ministers responsible for the Post, who will meet this September at the Ministerial Strategy Conference held in Addis Ababa.
The UPU World CEO Forum is an exclusive, CEOs-only event where the captains of designated postal operators come together over two days to discuss opportunities that the industry can leverage to build a strong and vibrant Post for the future. It also provides a rare opportunity for CEOs to network among their peers.
This year marks the third anniversary of the Forum, which was launched in Paris in 2016. The 2017 event was hosted by the Russian Post in Moscow.
Some 60 CEOs from around the globe have already confirmed their participation at this year’s event.
Next year’s UPU World CEO Forum will be held between 10-12 June at a venue to be agreed.
Monday, May 7, 2018
Wednesday, May 2, 2018
UPU News:- Judges chosen for UPU’s world-renowned letter writing competition
Judges for UPU’s letter writing competition come from the worlds of education, publishing, museums, and charity to search for one gold medal winner among millions of competitive entries
"Imagine you are a letter travelling through time. What message do you wish to convey to your readers?” is this year`s theme for the annual International Letter Writing Competition for Young People competition organized by the Universal Postal Union.
Now in its 47th year, the letter competition invites children up to the age of 15 from all over the world to express themselves in a letter. In doing so, they join millions of children over the decades who, in the form of a powerful letter, have captured their joy of language and love of words.
Children such as last year’s gold medal winner, Eva Palacios from Togo, whose imaginary letter to the UN Secretary-General António Guterres was aimed at the horrors of forced marriage. Eva wrote, “Child marriage is the act of marrying a child who has neither legally nor emotionally reached marriageable age. Child marriage is the result of deep-rooted traditions, poverty, ignorance, early pregnancy or a lack of law.” Her compelling letter ended with this memorable line, “They are married because they are seen as a burden and another mouth for their parents to feed. They are married because ... because ... because ...”
Given the astonishing quality of the children’s letters, the Judge’s role is of fundamental importance. Just as in every previous year, in 2018, UPU has found judges of quality, sincerity and a burning commitment to improving children’s literacy and skills of expression.
The judges are: Isabelle Mili, a Professor of Didactic Arts and Music at the University of Geneva; Nancy Pope, the head curator at the History Department a the Smithsonian National Postal Museum; B. Robert Kreiser, Adjunct Professor of History at George Mason University; Michael Hamish Glen, Co-Founder of Interpret Europe—European Association for Heritage Interpretation; Jonathan Seaton, Co-founder of Twinkl Education and Publishing; and Alexandrina Iremciuc, Communication Manager at Geneva for Education Publishing.
Michael Hamish perhaps best summed up the views of every judge, and the spirit of the competition, when he said, “I am honoured to be asked to judge the work of young people who have so much to offer and who can encourage those of us who are older to look at things with a new perspective.”
Each year, the UPU International Bureau announces a theme. Participating countries then organize the competition at the national level with support from its Post and often with the support of education authorities. All entries must be submitted through the national Post. Each country chooses a national winner and submits this entry to the international round, held by the UPU. An international jury, chosen by the UPU International Bureau, judges the letters and selects the winners and entries worthy of a special mention.
UPU News:-Council of Administration wraps with rallying call for enhanced cooperation
The plenary session of the Council of Administration wrapped up on April 27, sending forward several proposals to be decided at the Extraordinary Congress in Addis Ababa, Ethiopia, this September.
UPU Director General Bishar A. Hussein urged member countries to maintain the spirit of collaboration as they head to Addis Ababa.
“We may have our differences in opinions, we have our different views, but at the end of the day we have a common destiny and a common responsibility to make sure that the organization moves forward and produces results,” said the Director General.
The Extraordinary Congress will decide on four key issues, including: UPU reform, reform of the system applied to member country contributions, the Integrated Product and Integrated Remuneration Plans, and the reform to the UPU’s Provident Scheme.
UPU Deputy Director General Pascal Clivaz in remarks earlier in the day called upon member countries to keep transformation front of mind while considering these matters, which will have a profound impact on how effectively the UPU and its member countries can respond to rapidly changing sector demands.
“We should be guided by the fact that we cannot achieve good results in an environment that is rapidly changing if we remain static. Change is not only necessary, but inevitable. Change should be a permanent feature of our work,” said the Deputy Director General.
Mr. Clivaz explained that UPU was evolving to maintain its position as “a source of competitive advantage” for all postal stakeholders, noting that in recent years it had created specialized events for postal CEOs and ministers and would soon create a new forum for heads of postal regulators.
Council members were given an update on the organization of the Congress, including proposed designation of chairs and vice-chairs for each Congress committee, countries designated to present proposals, and information on the Ministerial Strategy Conference to be held within the week-long event.
The Council plenary also heard a number of updates on cooperation with other UN, international and partner organizations. In particular, it welcomed a new partnership with the Fédération Internationale de Football Association (FIFA) on philatelic development.
The Council achieved all 22 of its assigned deliverables for the session, adding to the 65 deliverables already tackled in its previous two meetings.
Forty-one countries comprise the Council of Administration, which oversees the work of the UPU between Congresses and studies regulatory, administrative and legal issues. It meets twice per year for one week at the UPU’s International Bureau in Berne, Switzerland.
Tuesday, May 1, 2018
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